According to @lookonchain, James Wynn claimed 1,854.54 USDC in referral rewards and opened a 40x short position on 0.96 BTC with notional around $111,000. Source: @lookonchain. Based on the reported 0.96 BTC size and $111,000 notional, the implied entry price is about $115,625 per BTC and the liquidation price is $117,460, indicating roughly a 1.6% adverse move to liquidation for the short. Source: @lookonchain. At 40x leverage, the implied initial margin is approximately $2,775, and the claimed rewards equal roughly 67% of that margin; reference address as shared: hypurrscan.io/address/0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6. Source: @lookonchain.

According to dydxfoundation, the dYdX (DYDX) token model has a distinctive staking mechanism where rewards are not paid through inflation by minting new tokens. Instead, staking rewards are funded entirely by protocol activity, primarily from trading and transaction fees. A key feature for traders and stakers is that these rewards are paid out in USDC, not the native DYDX token, which prevents the dilution of the token supply. Consequently, the Annual Percentage Rate (APR) is dynamic, fluctuating directly with the real usage and trading volume on the protocol, reflecting a yield based on actual economic activity.

According to AltcoinGordon, $ATM is performing well despite current market conditions, providing USDC rewards to holders. This suggests strong investor interest and potential for further price movement, but traders should consider the risks associated with tokens labeled as 'Ponzi'.